OECD: US Fed funds rate seen peaking at 5.25%-5.5% from Q2 2023
|In its latest outlook published on Wednesday, the OECD said that it sees US Fed funds rate peaking at 5.25%-5.5% from Q2 2023, followed by two "modest" cuts in H2 2024.
Additional takeaways
OECD sees US growth of 1.6% in 2023 and 1.0% in 2024 (previously 1.5% in 2023 and 0.9% in 2024).
Sees global GDP growth of 2.7% in 2023 and 2.9% in 2024 (previously 2.6% in 2023 and 2.9% in 2024).
Sees Chinese growth of 5.4% in 2023 and 5.1% in 2024 (previously 5.3% in 2023 and 4.9% in 2024).
Sees Japanese growth of 1.3% in 2023 and 1.1% in 2024 (previously 1.8% in 2023 and 0.9% in 2024).
Sees Euro area growth of 0.9% in 2023 and 1.5% in 2024 (previously 0.8% in 2023 and 1.4% in 2024).
Sees ECB rates peaking in q3 2023 and remaining unchanged at 4.25% to end 2024.
UK growth of 0.3% in 2023 and 1.0% in 2024 (previously -0.2% in 2023 and 0.9% in 2024).
No rate hike in Japan until end of 2024.
No further rate hikes expected in Canada and South Korea, rate peaks expected in Australia and the UK from Q2 2023.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.